As was pointed out in this article brought to our attention by Christine Peterson, Europe seems to be picking up the nanotech pace in a serious way.
We can divide the world up in terms of expertise. Perhaps the U.S. has the crown with inventiveness. But Europe has the Ariane (which still happens to be flying), Mercedes, Bentleys and Rolls (all of which are very good examples of fine engineering). The Asian collective has a unique ability to turn ideas into mass appeal products and make them affordable enough that they can sell millions.
[*Yes*, I am grossly generalizing here but please take it within the context of the conversation.]
So the question becomes — *who* will be the developers of and subsequently who will dominate the nanotech markets?